A warehouse on Fillmore Avenue in the City of Tonawanda that was the longtime home of a jewelry box display manufacturer is getting new life as the shipping base for a costume company.
Fox Martin Corp., a Largo, Fla.-based company that operates BlockBusterCostumes.com and NationalCountryFlags.com, acquired the former Gerald Fried Display Co. building at 550 Fillmore Ave., paying $1 million for the single-story building.
Built in 1970, with an addition in 1990, the 49,500-square-foot facility sits on three acres.
It was owned by the children of Gerald Fried, who had foreclosed on the property after the group that took over the Fried business defaulted on a mortgage, said broker Laurence J. Brassel of Brassel Commercial Realty. The family now lives in Montana.
Brassel, who handled the sale for the Fried family along with Bill Damin of Pyramid Brokerage Co., said he marketed the property for about a year, and had four offers, but “this was the only one that made sense.”
Fox Martin currently operates out of a smaller facility at 1386 Lovejoy St. in Sloan, but “they’re completely out of room,” Brassel said. The new building is 2.5 times the size of its existing site, giving it far more space for its growth.